“Allianz and Moneyfarm have a common goal to broaden the availability of digital wealth management to savers and investors in a number of markets. We see increasing client demand for smart yet easy-to-handle digital solutions, particularly when it comes to a holistic management of their investments,” said Jackie Hunt, Member of the Board of Management of Allianz SE, responsible for Asset Management and U.S. Life Insurance. “By intensifying our partnership, we can offer personalized investment solutions through this sophisticated digital channel for a growing client base.”
As part of a UK pilot, Allianz has been offering its UK-based employees the opportunity to invest via Moneyfarm in actively managed funds of the Group’s two asset managers, Allianz Global Investors and PIMCO. Beyond this, Moneyfarm will complement capabilities and selected products of Allianz’s asset management and insurance entities with its existing product offering.
Moneyfarm customers register online through their dedicated platform, taking a questionnaire to assess their risk-appetite, investment time-horizon and the amount they are investing against their current wealth. The information provided is then used to construct a proposed portfolio that fits the client’s needs.
“Digital wealth management is of increasing interest and relevance to individuals looking to invest for their future. By partnering with Moneyfarm, with whom Allianz Global Investors has been working since 2017, we see the opportunity to combine their digital wealth management knowhow with our expertise in active investing and risk-optimization to create something compelling for clients,” said Andreas Utermann, CEO of Allianz Global Investors. “We believe that this will increase the availability of active investment knowhow in a cost-effective and easy to access structure.”
Following the additional investment, Allianz will hold two seats on the board of Moneyfarm. The transaction remains subject to regulatory approval.